In the Wall Street Journal (WSJ) article dated May 10, 2020, the Journal highlights some of the rapid changes occurring in the life insurance industry. The author implies that US insurers are turning away business that they normally might accept; and the reasons can be traced back to the impact of the Covid-19 virus on […]
Life insurance medical underwriting is a carrier’s assessment of mortality risk associated with an individual’s medical history and the pricing associated with the assessment. Underwriting guidelines differ among insurance companies. It is not unusual to receive inconsistent offers from the carriers – i.e. Preferred, Standard, etc. – even though they all reviewed the same medical […]
This is the borrowing of funds from a financial institution for the purpose of funding a life insurance contract. This article provides insights into this type of financing.
No Lapse Guarantee (NLG) policies, or policies with NLG riders are attractive to some insureds. Many of these Guaranteed policies were issued by a number of carriers since the early 2000’s. The premise is that as long as the premium is paid on time each year, the death benefit is guaranteed. Thus, many insureds, advisors, […]
The pricing of life insurance policies is complex and dynamic. There are four factors that primarily drive pricing and policy performance: mortality, investment earnings, expenses, and persistency. The impact of the varying pricing factors on policy performance will vary in importance depending on the type of policy design. Each pricing factor is based on current […]
Critical Questions for Clients to Ask The following is a set of questions designed to help families evaluate life insurance advisors and find the right fit for their specific needs and objectives. How does the advisor represent the clients’ interest? An advisor should be an advocate for clients – not an insurance carrier […]